Finance ministry to form task force for economic recovery

The GDP growth is projected to improve by 3.3% in 2021-22 in a ‘V’ shaped recovery The finance ministry will institute a National Economy Recovery Taskforce (NERT) to strategize economic recovery measures during and post COVID-19, said Finance Minister Namgay Tshering. The taskforce will have four technical committees; each representing real, fiscal, external and monetary […]

Renewable energy projects worth 71MW on the way: MoEA

The 11th session of the International Renewable Energy Agency (IREA) Assembly which was held for four days from January 18 to 21 offered a significant platform for interested parties and governments to discuss the way forward for an effective and sustainable energy transition of the globe. Economic Affairs Minister Loknath Sharma said that the meeting […]

3.3% GDP growth projected in next fiscal year

The outlay for the FY has been estimated at Nu 75,588.725mn Though the COVID-19 pandemic has overwhelmed the public healthcare system and impacted economic growth resulting in downgraded Gross Domestic Product (GDP) of -6.8%, it is projected that the economy will grow by 3.3% in FY2021-22, according to the finance ministry. The cabinet has endorsed […]